As the government continues to push reforms (in Land Acquisition Act, the real estate Regulatory bill, relaxation of FDI rules etc) property continues to be the best option for NRI looking to invest in India.

Pune is becoming India’s most popular investment location as it boasts of educational hub, health care along with the fastest growing IT & Manufacturing industries. According to a McKinsey report on urbanization in India, Pune will be a megacity by the year 2025.

Also Pune’s infrastructure is in the process of getting a huge upgrade with plans of ring road, metro & a new International Airport. Also the future project “Hyper loop” in collaboration with the Japanese is the fastest bullet train which will connect Mumbai & Pune within 15 minutes. The proximity of Pune getting closer first with the expressway and now with future projects makes Pune among the country’s top cities to invest.

At Oxford no project is executed without the help of the finest architects, designers, contractors in order to ensure the end result is always spectacular. We are one of the city’s pioneers in developing affordable, premium & luxury real estate hence catering to all requirements and also diversified into commercial spaces, luxury hotels & Oxford Golf Resort which is India’s best golf destination and a paradise for Nri investment with residential & villa projects.

FAQs

As per India’s Foreign Exchange Management Act (FEMA) 1999, an NRI or Non-Resident Indian is a citizen of India, or a foreign national of Indian origin, living outside India for employment, business or any other vocation, which would indicate his intension to stay outside India for an indefinite period. An Indian would also be termed as an NRI if his stay in India less than 182 days during the previous financial year (April-March)

A PIO is an individual (not a citizen of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal or Bhutan) who has at any time held an Indian Passport. Or, one whose either/both parents/grandparents were citizens of India, according to the Indian Constitution or the Citizenship Act, 1955.

As per India’s Foreign Exchange Management Act (FEMA) 1999, a person resident in India is a person residing in India for more than 182 days during the previous financial year (April-March) and who has come to, or stays in India either for employment, business or for any other vocation.

-The housing loan needs to be paid upfront for the entire tenure of the loan, by way of direct remittances from abroad through normal banking channels, or from other financial accounts as may be permitted by RBI.

-Generally, payments are done through NRO, NRE, NRNR and FCNR accounts. These allowed accounts may change as per RBI regulations.

-In case of residential properties, the repatriation of sale-proceeds is restricted to not more than two properties, and only if the property was purchased from funds held in an NRE Account

-Additionally, the amount repatriated out of India should not exceed the amount paid for acquisition of the immovable property in the foreign exchange received through normal banking channels, or from the funds held in FCNR or NRE Account

Yes, the RBI has granted general permission for the sale of the property. However, where another foreign citizen of Indian origin purchases the property, funds towards the purchase consideration should either be remitted to India or paid out of balances in non-resident accounts maintained with banks in India.

Under the general permissions available, an NRI/PIO may purchase residential/commercial property in India out of funds remitted to India through normal banking channels, or through funds held in his NRW/FCNR (B)/NRO account. No amount for the purchase can be paid outside of India.

With specific approval from the RBI, a resident outside India may hold an immovable property in India acquired through inheritance from a person resident outside India, provided the owner had acquired such property in accordance with the regulations of the foreign exchange law in force at the time of acquisition, or in accordance with FEMA guidelines.

Yes. A person resident outside India can hold immovable property acquired by way of inheritance from a person resident in India, as per the provisions of Section 6(5) of the Foreign Exchange Management Act, 1999.

Yes. A Foreign National of non-Indian origin, including a citizen of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, iran, Nepal or Bhutan, can acquire residential properties on lease in India. Provided the lease does not exceed five years, he/she does not require any prior permission from the RBI.

No. There is no limit placed on the number of residential properties an NRI can buy in India.

Oxford 1Earth is the real estate development arm of the diversified Oxford Group. The company was formed in 1989 and in the years that have followed, it has consciously cultivated an approach that focuses on innovation and quality with the customer at its core.

Quick Links

Connect With Us

Disclaimer

Thank you for visiting www.oxford1earth.com We are currently in the process of revising our website in consonance with the Real Estate (Regulation and Development) Act, 2016 and the Rules made thereunder (“RERA”), which have been brought into effect from 1st May, 2017. The content including brochures and marketing collateral displayed/provided on this website are solely for informational purposes and is not intended to constitute an offer or solicitation and are confidential and privileged. Any disclosure, copying, distribution, or the taking of any action in reliance upon the contents of this website is strictly prohibited. It is Artistic impression /Schematic representation of the project shown on this site and is indicative of how the unit can be used. No furniture/s or accessories shown in the visuals are provided with the unit/tenement/apartment. This web site material does not constitutes an offer and / or contract of any type between the Developer/Promoter/Owner and the recipient, all intending prospective purchaser/s in any project displayed herein and shall be governed by the terms and conditions envisaged under The Real Estate (Regulation And Development) Act 2016.Nothing on the website should be construed as advertising, marketing, booking, selling or an offer for sale or invitation to purchase a unit in any project by the company/firm. The company/firm and or its Directors/Partners/Employees/Office Bearers will not be responsible for the consequences of any action taken by the viewer relying on such material/information on this website. The Developer/Promoter/Owner shall not be liable in any event for any loss or damage of any nature which may arise due to or in connection with the contents and or information on this Website. This disclaimer is applicable to all attachments as well as contents of this Website. Viewers are advised not to take cognizance of what is stated herein till such time as the updation / reconstruction is complete.

Dear Friends,Welcome to the Oxford 1Earth community.We are ensuring all our customers and employees are safe, healthy and also playing our part by supporting local bodies to ensure safety, hygiene and social distancing among our community.

All our employees are working from home and using our advanced online platforms and tools to cater all our customer needs. Our labour force is sheltered in our own labour camps under supervision and care as a part of our Seva initiative.

We have set-up up new systems at our offices and sites under the guidelines provided by the government maintaining total sanitation process, strict checks under supervision and social distancing norms to ensure maximum safety at all times for all our employees, customers and visitors.